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    1500 Newlands Ave, Unit Burlingame Burlingame, CA 94010

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    For Sale
    $11,750,000

    20-unit apartment building with renovation upside, near Burlingame Avenue.

    Property size:
    25 SF

    Property Features for 1500 Newlands Ave

    General Information

    Size
    25 SF

    Building Details

    Year built
    1967

    Source: Steven Caravelli Agent Steven Caravelli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elevatored Apartment Building Near Burlingame Avenue

    The property at 1500 Newlands Avenue is a 20-unit apartment building with elevator access. It includes secured parking for 24 cars and 21 storage lockers. The unit mix consists of six two-bedroom, one-bathroom units and fourteen one-bedroom, one-bathroom units, each featuring a private patio or balcony. The current owner has renovated 17 of the 20 units, demonstrating a clear plan for rental upside upon turnover. Renovated units include an in-unit washer/dryer, hardwood flooring, and recessed lighting. The kitchens in these units feature modern stainless steel appliances, granite countertops, tile backsplash, and shaker cabinetry. The bathrooms have sleek tiling with high-end shower heads and faucets. Recent building improvements include new exterior and interior painting, new water-efficient landscaping, a new sewer main, and a security camera system. This property is located in a low-density area, on a prominent corner, three blocks from Burlingame Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlingame
    County
    San Mateo
    State
    California
    Longitude
    -122.346895
    Latitude
    37.575312

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    FAQs

    What type of property is this?
    Apartment building - 20-unit apartment building with renovation upside, near Burlingame Avenue.
    Where is this apartment building located?
    The property is located at 1500 Newlands Ave, Unit Burlingame Burlingame, CA.
    What is the asking price?
    The asking price for this property is $11,750,000.
    What are key features of this property?
    This property features: - Elevatored 20-unit apartment building in an A+ location, just 3 blocks from Burlingame Avenue.; - Value-add opportunity with 17 of 20 units already renovated, demonstrating a clear plan for rental upside.; - Renovated units feature in-unit washer/dryers, hardwood flooring, stainless steel appliances, granite countertops, and updated bathrooms.
    (415) 706-0008
    Request Owner's contact information
    1500 Newlands Ave, Unit Burlingame Burlingame, CA 94010
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    Burlingame, CA 94010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Newlands Ave, Unit Burlingame Burlingame, CA 94010
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